To: kristinn
But this article says military pay will still rise.
It will be a 1% hike instead of 1.7%. They're calling that a "cut".
To: what's up
"It will be a 1% hike instead of 1.7%. They're calling that a "cut"."<
Rate of inflation, they will have less spending power next year than they do this year, so in all honesty, yes, they are getting a pay cut.
77 posted on
02/06/2013 1:54:42 PM PST by
Abathar
(Proudly posting without reading the article carefully since 2004)
To: what's up
How much inflation do you expect next year... <1% >1% =1%? If inflation is >1% they have experienced a cut in how much they get paid - because each dollar is worth less. That is why "quantitative easing" (i.e. printing money) has the effect of making the entire nation take a pay cut - and a decrease in savings.
81 posted on
02/06/2013 3:07:04 PM PST by
allmendream
(Tea Party did not send GOP to D.C. to negotiate the terms of our surrender to socialism)
To: what's up
It will be a cut if inflation is figured into the “raise”.
117 posted on
02/07/2013 6:19:17 AM PST by
astounded
(Barack Obama is a clear and present danger to the USA)
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